Advanced Flower Capital Inc. (AFCG) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 204.12% of current shares
Recent Dilution: 14.45% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
24M
Potential Supply
48M
Additional shares possible
Splits
None
Past 2 years

Summary

AFCG currently has 23.5M outstanding shares. with significant dilution risk as 48M authorized shares could dilute existing holders by 204.1%. The company has diluted shareholders by 14.45% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 23.5M shares outstanding

24M 48M
Nov 12, 2025

10-Q filing | 22.2M shares outstanding

22M 49M
Aug 14, 2025

10-Q filing | 22.1M shares outstanding

22M 49M
May 14, 2025

10-Q filing | 22.1M shares outstanding

22M 49M
Apr 17, 2025

S-3 filing: Advanced Flower Capital Inc. is filing an S-3 to offer common stock, preferred stock, and debt securities, separately or in combination, for up to $1,000,000,000.

21M 51M
Mar 13, 2025

10-K filing | 20.9M shares outstanding

21M 51M
Nov 13, 2024

10-Q filing | 20.8M shares outstanding

21M 51M
Aug 07, 2024

10-Q filing | 20.4M shares outstanding

20M 51M
May 09, 2024

10-Q filing | 20.4M shares outstanding

20M 51M
Mar 07, 2024

10-K filing | 20.3M shares outstanding

20M 51M
Nov 08, 2023

10-Q filing | 20.3M shares outstanding

20M 51M
Aug 08, 2023

10-Q filing | 20.3M shares outstanding

20M 51M
May 10, 2023

10-Q filing | 20.5M shares outstanding

20M 51M
Mar 07, 2023

10-K filing | 20.0M shares outstanding

20M 52M
Nov 08, 2022

10-Q filing | 20.1M shares outstanding

20M 51M
Aug 09, 2022

10-Q filing | 19.8M shares outstanding

20M 52M
May 10, 2022

10-Q filing | 19.6M shares outstanding

20M 52M
Apr 05, 2022

S-3 filing: AFC Gamma, Inc. is offering common stock, preferred stock, and debt securities, with an aggregate offering price not to exceed $1,000,000,000.

20M 52M
Mar 10, 2022

10-K filing | 19.7M shares outstanding

20M 0
Jan 19, 2022

8-K filing: AFC Gamma, Inc. completed the sale of 291,832 optional shares on January 19, 2022, following the partial exercise of an over-allotment option by the Underwriters, bringing the total shares sold in the public offering to 3,291,832 and gross proceeds to approximately $67.5 million. ($67.5M proceeds)

16M 0
Jan 10, 2022

8-K filing: AFC Gamma, Inc. completed an underwritten offering of 3,000,000 shares of its common stock at a price of $20.50 per share, resulting in gross proceeds of $61.5 million before deductions. The underwriters have a 30-day option to purchase up to an additional 450,000 shares. ($61.5M proceeds)

16M 0
Nov 04, 2021

10-Q filing | 16.4M shares outstanding

16M 0
Aug 05, 2021

10-Q filing | 16.4M shares outstanding

16M 0
Jul 06, 2021

8-K filing: AFC Gamma, Inc. completed the sale of 269,650 Optional Shares on July 6, 2021, as part of the partial exercise of the underwriters' over-allotment option, resulting in a total of 3,019,650 shares sold in the public offering and gross proceeds of approximately $61.9 million. ($61.9M proceeds)

6.2M 0
Jun 28, 2021

8-K filing: AFC Gamma, Inc. completed an underwritten offering of 2,750,000 shares of its common stock at a price of $20.50 per share, resulting in gross proceeds of approximately $56.4 million. ($56.4M proceeds)

6.2M 0
May 11, 2021

10-Q filing | 6.2M shares outstanding

6.2M 0
Mar 26, 2021

8-K filing: AFC Gamma, Inc. completed the sale of 937,500 Option Shares on March 26, 2021, following the Underwriters' full exercise of their over-allotment option related to the initial public offering. ($136.6M proceeds)

N/A 0
Weekly Research

Get Weekly Super Stonk Alerts

Never miss a squeeze opportunity. Get our weekly analysis of high short interest stocks, AI-discovered gems, and dilution warnings delivered to your inbox.

No spam Unsubscribe anytime